I grew up in the 80s so it was more JCP vs. WWF. I'm from Virginia and we didn't have cable when I was a kid so the only WWF I got to see was Superstars on Sunday morning and the occasional times I stayed up late and watched Saturday Night's Main Event. I got two NWA shows every Saturday, one at noon and one at like 11:30pm or so (and this was back in the days when channels would stop at a certain time!) and my uncle would record the TBS shows and Clashes for me b/c he had cable. I was a big Apter mag reader too. The WWF never came to Charlottesville but the NWA would come here twice a year or so and they were in Richmond more often than that so I'd go to at least one NWA show every year as a kid.
So anyway, I was a big NWA supporter. Even though I was only 7 in 1986, I pretty much knew what was going on with wrestling (retired wrestler Abe Jacobs spoiled it for me when I visited Ricky Steamboat's gym in Charlotte but that's a story for another day). That said, I thought the NWA seemed more authentic because their guys looked more like regular tough guys than the jacked up muscle guys in the WWF. I was firmly in the camp that Flair would wipe the floor with Hogan because he knew more "techniques" and was a better "scientific wrestler" and he wasn't stupid like the WWF rulebreakers who would sit there and stupidly hit Hogan during the Hulk-Up. I thought the WWF was "fake" because it was all bright, there were animals, a bunch of fat wrestlers who didn't know any "techniques" (yeah, I know Dusty Rhodes is fat and I didn't like him but at least he's tough and he knows how to put on a figure four) and all of Hogan's matches ended the same way. Plus there was hardly any blood! How can you tell 6 year old me that on one show, Ric Flair gets rammed into a cage and he's bleeding like a stuck pig but these losers in the WWF do and there's nothing?! Plus what's up with those stupid big blue bars? That's not a cage!
Long story short, I thought the WWF was pretty hokey and that while wrestling might not be on the up and up, the NWA was more "real" (whatever that meant to 6-7 year old me). I definitely was not the kid that Vince McMahon was marketing to then. I'm sure he didn't lose any sleep over that though as we all know, there were millions of others who were.